Compal Electronics Third Quarter 2024 Earnings: In Line With Expectations

Compal Electronics (TWSE:2324) Third Quarter 2024 Results

Key Financial Results

• Revenue: NT$244.3b (down 2.9% from 3Q 2023).
• Net income: NT$3.33b (up 39% from 3Q 2023).
• Profit margin: 1.4% (up from 1.0% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: NT$0.77 (up from NT$0.55 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Compal Electronics Meets Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) was also in line with analyst expectations.

Looking ahead, revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Tech industry in Taiwan.

Performance of the Taiwanese Tech industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Compal Electronics you should be aware of.

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